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The following selected transactions are from Ohlm Company. (Use 360 days a year) 2016 Dec. 16 Accepted.. $12, , 60-day, 8% note dated this day

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The following selected transactions are from Ohlm Company. (Use 360 days a year) 2016 Dec. 16 Accepted.. $12, , 60-day, 8% note dated this day in granting Danny Todd a time extension on his past-due account receivable 31 Hade an adjusting entry to record the accrued interest on the Todd note. 2017 Feb. 14 Received Todd's payment of principal and interest on the note dated December 16. Mar. 2 Accepted a(n) $6,400, 8%, 90-day note dated this day in granting a time extension on the past-due account receivable free Midnight Co. 17 Accepteda(n) $2,see, se-day, 7% note dated this day in granting Ava Privet a time extension on her past-due account receivable , Apr. 16 Privet dishonored her note when presented for payment Hay 31 Midnight Co. refused to pay the note that was due to chlm Co. on May 31. Prepare the journal entry to charge the dishonored buly 16 Received payment from Midnight Co. for the maturity value of its dishonored note Plus interest for 46 days beyond maturity Aug. 7 Accepted a(n) $7.35e, 9e-day, 11% note dated this day in granting a time extension on the past-due account receivable of Sep. 3 Accepteda(n) S2,620, 6e-day, 8% note dated this day in granting Noah Carson a time extension on his past due account note plus accrued interest to Midnight Co.'s accounts receivable. at 8x Mulan Co receivable , Nov. 2 Received payment of principal plus interest from Carson for the September 3 note Nov. 5 Received payment of principal plus interest from Mulan for the August 7 note. Dec. 1 rote off the Privet account against the Allowance for Doubtful Accounts. Required: 1-a. First, complete the table below to calculate the interest amount at December 31, 2016. 1-b. Use the calculated value to prepare your journal entries for 2016 transactions 1-c. First, complete the table below to calculate the interest amounts. 1-d. Use those calculated values to prepare yoir journal entries for 2017 transactions Required 1A Required 1B Required 1C Required 1D First, complete the table below to calculate the interest amount at December 31, 2016. Interest Total Through Recognized Maturity December 31 Principal Rate (%) Time Total interest Required 1B Journal entry worksheet 12 Accepted a $12,300, 60-day, 890 note dated this day in granting Danny Todd a time extension on his past-due account receivable. Note: Enter debits before credits Date General Journal Debit Credit Dec 16 Record entry Clear entry View general journal Journal entry worksheet 2 Made an adjusting entry to record the accrued interest on the Todd note. Note: Enter debits before credits. Date General Journal DebitCredit Dec 31 Record entry Clear entry View general journal Required 1A Required 1B Required 1C Required 1D First, complete the table below to calculate the interest amounts. Total Through Maturity Mulan Noto17 Note -May 31. September 3. N. Carson Note - Midnight Co. Midnight Co. A. Privet Note Note March March 17, 2, 2017 2017 August 7, 2017 2017 Principal Rate (%) Time Total interest Required 1B Required 1D

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